Zoom CEO Eric Yuan Sells $2.27M in Class A Shares Under 10b5-1 Plan

Executive Summary

On October 5 and October 6, 2026, Zoom Communications, Inc. CEO and Director Eric S. Yuan converted 24,200 shares of Class B Common Stock into Class A Common Stock on a 1:1 basis and subsequently sold all 24,200 shares on the open market. The sales were completed under a Rule 10b5-1 trading plan and generated aggregate gross proceeds of approximately $2.27 million at an average realized price of roughly $93.91 per share.

Transaction Breakdown

• October 5, 2026:
  • Converted 12,100 shares of Class B Common Stock into 12,100 shares of Class A Common Stock.
  • Sold 11,512 Class A shares at a weighted average price of $93.7206.
  • Sold 588 Class A shares at a weighted average price of $94.2032.
• October 6, 2026:
  • Converted 12,100 shares of Class B Common Stock into 12,100 shares of Class A Common Stock.
  • Sold 11,896 Class A shares at a weighted average price of $94.0653.
  • Sold 204 Class A shares at a weighted average price of $94.5935.

Ownership Structure & Significance

• Ownership Nature: All transactions were indirect, held of record by the 2018 Yuan and Zhang Revocable Trust, for which Mr. Yuan and his spouse serve as cotrustees.
• Significance Assessment (Low):
  1. The transaction was pre-scheduled under a Rule 10b5-1 trading plan adopted on June 20, 2025, which mitigates concerns regarding opportunistic insider timing.
  2. The 24,200 shares sold represent less than 0.12% of Mr. Yuan's total equity holdings in the company. Following these transactions, the trust continues to hold over 20.64 million shares of Class B Common Stock, maintaining substantial voting power and economic alignment.